4 Quick Wins That Will Improve Your Bottom Line

How Private Equity Firms Can Find Immediate Savings Across Portcos The private equity industry has experienced unprecedented growth, however, as fears of economic turbulence persist, many firms are searching for new and innovative ways to cut costs and improve efficiencies...

September 2, 2022

Transformers: More Than Meets the Eye (in Spend Classification)

Engineering Spend Management

Transformers: More Than Meets the Eye (in Spend Classification)

When you’re working out your procurement strategy you need the right level of data granularity. But often the data in your corporate systems is not structured in a way that is most useful for buyers. Enter Spend Classification: the process...

May 25, 2022

How to Quickly and Successfully Manage Indirect Spend

Spend Management

How to Quickly and Successfully Manage Indirect Spend

In a recent article in Forbes “Follow the Money: Five Ways to Improve Your Bottom Line By Taking a Closer Look at Spending Habits.” Jason Stern outlined the key areas to focus on to improve profitability through Spend Management. Building...

September 13, 2021

What Is a B2B Procurement Marketplace? and What are its Benefits?

Spend Management

What Is a B2B Procurement Marketplace? and What are its Benefits?

B2B marketplaces simplify business-to-business procurement using a digital platform designed for buyers and suppliers. The platform allows buyers to source new products and suppliers that are pre-qualified to meet the marketplace’s requirements. The procurement marketplace for B2B procurement provides information...

February 10, 2021

Spend Management

What is Spend Management? Why and How it is Implemented?

What is Spend Management? Why and How it is Implemented? Spend management means managing organization expenditure through processes starting Demand Identification and Spend Analysis to Sourcing and Order Management, for both direct and indirect spend categories. A robust Spend Management...

February 7, 2019